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Varonis Systems, Inc. (VRNS)
NASDAQ: VRNS · Real-Time Price · USD
41.18
+1.23 (3.08%)
At close: Aug 3, 2026, 4:00 PM EDT
40.56
-0.62 (-1.51%)
After-hours: Aug 3, 2026, 7:34 PM EDT

Varonis Systems Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
688.1623.53550.95499.16473.63390.13
Revenue Growth
15.61%13.17%10.38%5.39%21.40%33.29%
Gross Profit
530.31491.56457.1427.41403.8330.74
Operating Income
-151.31-146.51-117.65-117.22-121.23-98.69
Net Income
-141.38-129.32-95.77-100.92-124.52-116.86
Earnings Per Share
-1.23-1.13-0.86-0.92-1.14-1.11
EPS Growth
------

Revenue by Segment
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Term License Subscriptions
56.83109.64254.24356.49363.9-
SaaS
600.93462.6208.7844.422.25-
Maintenance and Services
30.3351.387.9398.25107.49119.3
Revenue (Total)
688.1623.53550.95499.16473.63390.13

Cash & Debt
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
698.27920.97568.42533.72732.49807.61
Total Debt
516.13512.01743.56301.79306.59294.02
Net Cash (Debt)
182.13408.96-175.14231.93425.9513.59
Net Cash Growth
179.40%---45.54%-17.07%1933.04%
Net Cash Per Share
1.573.57-1.572.123.904.88

Cash Flow & CapEx
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
138.21147.43115.259.4211.877.18
Capital Expenditures
-16.26-12.63-6.69-5.1-11.4-10.49
Free Cash Flow
121.94134.8108.5154.320.48-3.31
Free Cash Flow Growth
-2.30%24.24%99.76%11335.16%--

Margins
Chart
Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
77.07%78.83%82.97%85.63%85.26%84.77%
Operating Margin
-21.99%-23.50%-21.35%-23.48%-25.60%-25.30%
Pretax Margin
-19.52%-18.66%-15.07%-17.41%-23.40%-28.41%
Profit Margin
-20.55%-20.74%-17.38%-20.22%-26.29%-29.95%
FCF Margin
17.72%21.62%19.69%10.88%0.10%-0.85%

Valuation
Chart
Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
186.84128.07154.00131.97110.89197.66
P/FCF Ratio
38.7928.6046.0990.955426.72-
PS Ratio
6.876.189.089.905.4413.44